Archive | Canadian Media Resource Articles

Exports of iron ore pellets lift St. Lawrence Seaway freight volumes – by Eric Atkins (Globe and Mail – December 15, 2017)

https://www.theglobeandmail.com/

Asian demand for U.S. iron ore is driving up freight volumes on the St. Lawrence Seaway.

Overall cargo tonnage, including mining products and grain, rose by 8.5 per cent to 33 million tonnes on the water route as of the end of November, from the same period a year ago, the Chamber of Marine Commerce said on Thursday.

Shipments of iron ore pellets, which are used to make steel, rose by 34 per cent to 7.4 million tonnes as China secured raw materials to feed its manufacturing facilities. Demand was also aided by higher commodity prices, Canadian demand for domestic ore and U.S. tariffs that have spurred sales to U.S. mills on the lower Great Lakes. Continue Reading →

Environmental assessment sinks proposed Ajax mine near Kamloops (CBC News B.C. – December 14, 2017)

http://www.cbc.ca/news/canada/british-columbia/

The provincial government has opted not to issue an environmental assessment certificate for a proposed open-pit copper and gold mine near Kamloops, prompting applause from the city and local First Nations.

The 1,700-hectare Ajax mine proposed by KGHM would have been located about 10 kilometres southwest of Kamloops on the traditional territories of the Stk’emlupsemc te Secwépemc Nation (SSN), Ashcroft Indian Band, Lower Nicola Indian Band and Whispering Pines/Clinton Indian Band.

According to a statement from the provincial environment and mines ministries, an environmental assessment found too many negative impacts for the proposal in areas such as air quality and local ecosystems. Continue Reading →

Long-awaited link to First Nation – by Larry Kusch (Winnipeg Free Press – December 12, 2017)

https://www.winnipegfreepress.com/

Berens River residents hope all-weather road boosts economy, tourism

The once-isolated Berens River First Nation celebrated the completion of a $200-million all-weather road Tuesday and the hope it will spur ecotourism and other economic opportunities.

The 2,000-member community greeted provincial Infrastructure Minister Ron Schuler with soup, bannock with butter and jam, and tea after his four-hour trek from Winnipeg. “It’s supposed to be very beautiful in the summer, but driving up in winter was just magnificent,” Schuler said upon his arrival.

Berens River Mayor Allan Atlookan said community elders have spoken about a year-round road link for decades. Some have died before they could witness the realization of that dream. “It’s over 40 to 50 years in the making,” he told reporters in a telephone conference call.”It is an opening to the world out there for not just the local… people, but for tourism. The doors are starting to open up for us.” Continue Reading →

Australia cobalt rush accelerates on electric vehicle demand, DRC troubles – by Melanie Burton (Reuters Canada – December 15, 2017)

https://ca.reuters.com/

MELBOURNE (Reuters) – Australia, home to the world’s second-biggest cobalt reserves, is seeing a rush of interest in projects still years from production as makers of batteries used in electric vehicles (EVs) seek supplies of the metal from a more costly but less risky source than top miner, the Democratic Republic of Congo.

As auto makers seek to develop greener cars, shares in Clean TeQ CLQ.AX – owner of one of the largest cobalt deposits in Australia – have trebled this year. Minnows Cobalt Blue COB.AX, Australian Mines AUZ.AX, Artemis Resources ARV.AX and Aeon Metals AML.AX have also seen shares surge.

On Friday, Aeon, developing a copper-cobalt project in Queensland, raised A$30 million ($23 million) from institutional investors. Continue Reading →

Why investing in coal is risky business – by Catherine McKenna (Globe and Mail – December 15, 2017)

https://www.theglobeandmail.com/

Catherine McKenna is Minister for the Environment and Climate Change

This week, we marked the two-year anniversary of the Paris climate accord with big news. The Powering Past Coal Alliance, which was recently launched by Britain and Canada as a global effort to phase out coal-fired electricity, grew to more than 50 members, including 33 countries and 24 businesses.

But while momentum is clearly building to end pollution from burning coal, a change of that magnitude takes time. As environmental organizations reported this week, some Canadian companies are among those investing to expand coal power overseas.

While companies are responsible for their own decisions, this news does not represent the growing trend worldwide. Many other companies and investors are moving in the opposite direction. They see opportunities not in the expansion of coal burning – which is a hazard to our health and a driver of climate change – but in the economic opportunity of clean growth. Continue Reading →

Eastmain Resources advances multiple projects in Canada’s newest gold camp – by Trish Saywell (Northern Miner – December 13, 2017)

Goldcorp (TSX: G; NYSE: GG) put the underexplored James Bay gold district of northern Quebec on the map as a highly prospective new gold camp in 2014, when it poured the first gold from its Eleonore gold mine. Last year the mine, 800 km north of Montreal, produced 274,000 oz. gold and this year is expected to produce 315,000 oz. gold.

But a number of juniors are active in the area, too, some of them in a joint-venture partnership with Goldcorp on a property called Eleonore South, about 5 km to the south of the Eleonore mine and adjacent to the southeastern border of the gold major’s Eleonore property.

Eastmain Resources (TSX: ER; US-OTC: EANRF) and Azimut Exploration (TSXV: AZM) own 36.7% and 26.6% of the joint-venture project, respectively, with Goldcorp owning the remaining 36.7%. Continue Reading →

Mining’s Bohemian boomtown: The tiny mining town of Joachimsthal was an inspiration for many famous scientists – by Cecilia Keating (CIM Magazine – December 04, 2017)

http://magazine.cim.org/en/

Despite its low profile today, Jáchymov, a small spa town in the mountains of Bohemia in northwest Czech Republic, has an illustrious history. For more than four centuries, its mines were central to scientific discoveries made, and research done, by Georgius Agricola, Marie Curie and J. Robert Oppenheimer, including the discoveries of several minerals and elements.

Rich silver deposits were discovered in the town in 1512 and over the ensuing decades thousands arrived to exploit them, with the town’s population jumping to 18,200 in 1534, up from 5,000 in 1520. It was christened Joachimsthal (meaning “St. Joachim’s Valley”) in 1520 by its rich owners, the Counts of Schlick.

The Schlicks quickly became one of Europe’s richest families, and started minting coins out of the area’s silver called thaler – the origin of the word dollar. Coins were shipped to Leipzig, an important trading hub, and were accepted across Europe. Continue Reading →

Community leaders from Mexico protest in Canada against Almaden’s operations – by Valentina Ruiz Leotaud (Mining.com – December 13, 2017)

http://www.mining.com/

A protest action took place in Vancouver the same day Almaden Minerals announced the completion of a social impact assessment for its Ixtaca project, located in Mexico’s Ixtacamaxtitlán municipality in the eastern-central Puebla state.

The evaluation of Almaden’s gold-silver project was carried out by GMI Consulting and, according to a press release issued by the miner, it concluded that Almaden had consulted widely with the focus area communities, that the Ixtaca project was well understood, and that the SIA itself was successful in providing people with an opportunity to express their views on the impacts of the mine.

As this media statement was published, four community leaders from the Ixtacamaxtitlán Municipality led a rally near the company’s headquarters in Vancouver. Ignacia Serrano, Alejandro Marreros, Francisca Zamora, and Ignacio Carmona, accompanied by the Latin American not-for-profit organization PODER, protested against what they call “irregular operations” by Almaden Minerals in Mexico. Continue Reading →

Canada to create overseas mining watchdog early in 2018 – by Nicole Mordant (Reuters U.S. – December 12, 2017)

https://www.reuters.com/

(Reuters) – Ottawa plans early next year to create an independent office to oversee Canadian mining, oil and gas companies’ activities abroad, a government spokesman said on Tuesday, a move that environmental and human rights groups have long demanded.

The office would have both an “advisory and robust investigative mandate,” a spokesman for Canadian Trade Minister Francois-Philippe Champagne said in an email.

The move would fulfill a 2015 campaign promise by Canadian Prime Minister Justin Trudeau’s Liberal Party to appoint an extractive industries’ watchdog. Continue Reading →

Antofagasta has a new project in Canada – by Valentina Ruiz Leotaud (Mining.com – December 13, 2017)

http://www.mining.com/

A subsidiary of Chile-focused copper miner Antofagasta Plc. (LON:ANTO) signed an agreement with Canada’s Evrim Resources Corp. (TSX.V:EVM) to acquire a 70% interest in the latter’s Axe property, located in south-central British Columbia.

In a press release, the companies explained that Antofagasta can acquire a 70% interest in Axe by incurring $50 million in exploration expenditures, making cash payments of $800,000, and completing a National Instrument 43-101 compliant Preliminary Economic Analysis, over a ten year period.

Axe is a 50-square-kilometre land package within the Intermontane Belt in the southern portion of the Quesnellia Terrane. This gold-copper porphyry belt, which extends from the Canada/US border to north of Kamloops, hosts Newgold’s New Afton Mine, Teck’s Highland Valley Mine and Copper Mountain’s namesake mine. Continue Reading →

U.S. court upholds Grand Canyon uranium mining ban, but allows mine nearby – by Valerie Volcovici (Globe and Mail/Reuters – December 12, 2017)

https://www.theglobeandmail.com/

A U.S. federal appeals court on Tuesday upheld a lower-court ruling keeping a ban on uranium mining around the Grand Canyon, but also upheld a separate decision allowing a uranium mine nearby to open.

The decisions by the Ninth Circuit Court of Appeals in San Francisco, related to cases argued last December, come as Congress and the Trump administration seek to expand mineral extraction on public lands.

The U.S. Department of Agriculture last month proposed lifting the Obama-era mining ban on land near Grand Canyon National Park, an area of natural beauty in the western United States that also historically served a number of uranium mines. Continue Reading →

Lithium stocks have had a dazzling year – are there more profits to come? – by Ian McGugan (Globe and Mail – December 12, 2017)

https://www.theglobeandmail.com/

Lithium, a lightweight metal essential to the latest generation of high-tech batteries, possesses two features most investments lack.

For one thing, future demand is nearly certain to surge as battery-driven vehicles grab an increasing share of the automotive market. For another, a handful of companies now dominate production of lithium.

Combine growing demand with today’s oligopoly of producers and it’s clear why three major U.S.-listed lithium miners have been among the best non-bitcoin investments of 2017. Shares of Sociedad Quimica Y Minera de Chile, the Chilean giant better known as SQM, have surged 80 per cent since January. Over the same period, Albemarle Corp., up 45 per cent, and FMC Corp., up 53 per cent, have also enjoyed dazzling runs. Continue Reading →

Canadian financial companies investing in coal overseas as feds push phase-out – by Mia Rabson (Globe and Mail – December 12, 2017)

https://www.theglobeandmail.com/

THE CANADIAN PRESS: Canada’s national pension fund manager is among a group of Canadian companies that are undermining the federal government’s international anti-coal alliance by investing in new coal power plants overseas, an environmental organization says.

Friends of the Earth Canada joined with Germany’s Urgewald to release a report today looking at the top 100 private investors putting money down to expand coal-fired electricity – sometimes in places where there isn’t any coal-generated power at the moment.

The report lists six Canadian financial companies among the top 100 investors in new coal plants in the world. Together, Sun Life, Power Corporation, Caisse de depot et placement du Quebec, Royal Bank of Canada, Manulife Financial and the Canada Pension Plan Investment Board have pledged $2.9-billion towards building new coal plants overseas. Continue Reading →

The starving polar bear raises a question: Is fake news okay for a good cause? – by Margaret Wente (Globe and Mail – December 12, 2017)

https://www.theglobeandmail.com/

The video is shocking. An emaciated polar bear staggers across the tundra. She is nothing more than a bag of bones. It’s clear that she is on her last legs.

“My entire team was pushing through their tears and emotions while documenting this dying polar bear,” wrote Paul Nicklen, a National Geographic photographer, on his Instagram post. “It’s a soul-crushing scene that still haunts me, but I know we need to share both the beautiful and the heartbreaking if we are going to break down the walls of apathy.”

Mr. Nicklen’s heartbreaking video, posted a few days ago has now gone viral. It has received more than 1.3 million views, and the story has generated widespread news coverage.

He and his team at the conservation group SeaLegacy have done interviews from around the world. Continue Reading →

Noront expects to see roads to Ring of Fire in the new year (CBC News Thunder Bay – December 11, 2017)

http://www.cbc.ca/news/canada/thunder-bay/

It’s no secret that the Ring of Fire development, located approximately 575 kilometres north of Thunder Bay, Ont., is expected to generate a significant amount of minerals, including nickel, copper and chromite.

And while the project has been stalled for some time due to the lack of road access, this past summer Premier Kathleen Wynn announced that the provincial government is ready and willing to work with a handful of nearby communities to develop a year-round road access to the mineral-rich area. Noront President and CEO Alan Coutts said roads are needed in order to move this project forward as “assets are stranded there” otherwise.

He said when the Premier made her announcement in August of 2017, she chose a few nearby communities with road proposals in place — Marten Falls, Webequie, Nibinamik as well as Aroland — to facilitate an all-season road access into the region and connect the communities to Ontario’s highway system. Continue Reading →